Gold (XAU) Price Forecast: Will a Super-Sized 50-bp Fed Rate Cut Push Gold to $2,600? – FX Empire
US Dollar and Bond Yields Support Gold Rise Despite the rise in gold prices, the US Dollar Index rose slightly this week, closing at 101.114, up 0.07%. However, expectations of future interest rate cuts have kept the dollar's momentum in check, and gold prices have held steady. Additionally, bond yields have fallen, with the 10-year […]
Gold Price Forecast: Targets $2,600 Amid Strong Momentum and Bullish Breakout – FX Empire
The next target zone is 2,594 to 2,605 There are two patterns that point to a target zone of 2,594 to 2,605. The first price level marks the completion of an ascending ABCD pattern (purple) that started from the June swing low and extended by a 127.2% percentage. Secondly, the second level of the range […]
Gold Price Forecast: Faces Key Resistance at 2,529 Amid Consolidation Battle – FX Empire
An ascending triangle is forming There appear to be two ways to look at the recent tight consolidation pattern: as a rectangle, or as an ascending triangle pattern developing within the rectangle. If the triangle comes into play, a sharp upward breakout above 2,532 could occur. If the integrity of the triangle holds, a breakout […]
Gold (XAU) Daily Forecast: Key Support at $2,500 Holds as Fed Rate Cut Speculation Fades – FX Empire
The US Dollar Index (DXY), which tracks the dollar's relative value against a basket of major currencies, is approaching last week's monthly high, reducing gold's appeal as a non-yielding asset. Strong dollar and Fed interest rate expectations weigh on gold prices The recent rise in the US dollar has contributed to gold's decline as hopes […]
Succession battle for Murdoch empire to play out in secret in Nevada court | Rupert Murdoch
A battle between Rupert Murdoch and his children over the future of his media empire began this week, with observers trying to force a court to make the secret dispute public. Murdoch wants to change the structure of the family trust to give his eldest son Lachlan all voting power – a move that, if […]
Gold (XAU) Price Forecast: US Inflation Report to Decide Gold’s Next Move – FX Empire
Daily US Dollar Index (DXY)Gold prices fell slightly as the US Dollar Index (DXY) rose 0.4%, making dollar-denominated gold less attractive to holders of other currencies. Investors are watching the dollar for a possible breakout from last week's high of 101.917, with a further upside target of 102.040. The dollar's strength reflects uncertainty about the […]
Silver (XAG) Forecast: Will the CPI Report Spark a Rebound in Silver Prices? – FX Empire
Daily Silver (XAG/USD)US jobs report causes uncertainty A major factor behind the decline in silver prices was mixed US labor market data, leaving traders uncertain about the Federal Reserve's (Fed) next move. The August nonfarm payrolls report showed employment increased by 142,000, below the expected 160,000, and July's figure was revised down to 89,000. Meanwhile, […]
Inside Travis Kelce’s ever-growing financial empire after $100M Amazon deal
An already impressive 2024 offseason just got even better for Travis Kelce. As he prepares for his 12th NFL season and a chance to win a third straight Super Bowl with Kansas City, the Chiefs' star tight end, who co-hosts the popular podcast “New Heights” with his brother Jason Kelce, signed a mega deal with […]
Silver (XAG) Daily Forecast: Will Silver Break $29.94 Amid Surge in Demand from India? – FX Empire
The Silver Institute projects that global silver demand will grow 2% from 2023 to 2024, reaching about 1,219 tonnes. Beyond industrial uses, silver has been attracting investors amid growing expectations that the Federal Reserve will cut interest rates by 25 basis points in September. The CME FedWatch tool shows that the market has fully priced […]
Gold Price Forecast: Nears New Record Highs as Bullish Momentum Builds – FX Empire
Rise above Friday’s high of 2,518 proves strength A rise above today’s high of 2,518 would generate a bullish signal and set the stage for a rally to a new record high. Gold hit a new record high of 2,532 last week. This rally could signal a continuation of gold’s long-term uptrend if it rises […]